Grayscale Investments has launched the Grayscale Solana Trust ETF on NYSE Arca, expanding the range of cryptocurrency products available to traditional investors.
The fund tracks the price performance of Solana and includes staking rewards, joining other Solana ETP managers in the US.
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The launch comes just one day after Bitwise debuted its own Solana ETF and other companies listed new cryptocurrency funds, signaling a concerted push by the industry.
This frenetic activity comes despite the US government shutdown, which has severely hampered the work of the Securities and Exchange Commission (SEC), the regulatory body responsible for overseeing ETFs.